JA Unit 1

You can write checks as long as you have checks in your checkbook.

• true

• false

All bank transactions should be recorded in the check register.

• true

• false

Choose ALL that are financial institutions.

• bank

• museum

• school

• credit union

Credit cards and debit cards are essentially the same thing.

• true

• false

What is it called when your paycheck is electronically transferred from your job's account to your bank account?

• debit card

• direct deposit

• endorse

• circular flow

Choose ALL of the services that banks may offer.

• online banking

• savings account

• gross balance

• net deposit

• checking account

What is an ATM?

• a machine that does your homework

• a machine that cleans your room

• a machine that gives you interest in your savings account

• a machine that allows you to deposit or withdraw money from your account

The amount of money left over from your paycheck after deductions and taxes is called

• net pay

• balance

• paycheck

• transaction

What MUST you do when you are completing a deposit ticket? Choose all that apply.

• give the bank teller your PIN

• include your account number

• write the date

• swipe your credit card

When MUST you sign a deposit ticket?

• when you want cash back

• every time you make a deposit

• when you want the new balance on your account